Expert Advisor based on Moving Average & Fibonacci Retracement

·         Settings Inputs

o   Currencies pairs to be used.

o   Fixed or auto lot calculation.

o   Fixed lot value.

o   Auto lot calculation method (equity or balance).

o   Risk percentage per trade (1%, 2%, 3%, 4%, 5%).

o   Risk: Reward Ratio: low (1:1), mid (1:1.5) and high (1:2)

o   Max trades at same time(variable)

o   Trading hours start(GMT) (variables)

o   Trading hours’ end(GMT) (variables)

o   Magic number

·         Timeframe:

o    15 MIN (Execution TF) / H1 (confirming TF)

o   Entry Rules for Buy signal

§  Both 15 MIN TF and H1 must be trending up.

§  If trending up, three moving averages must be as the following on both 15 MIN & H1 TF.

·         18 EMA above 50 EMA above 200 SMA (15 MIN TF & H1 TF).

·         Current Swing high (is higher than) previous Swing high (15 MIN TF).

·         Current Swing low (is higher than) previous Swing low. (15 MIN TF).

·         For going Long on uptrend, we want to see the Current Swing low is at reliable support ( 18 EMA or 50 EMA) AND ( Fibonacci level 38.2% or 50% or 61.8%)

·         When the candle reaches the reliable support, place (Buy Stop) 1 pip above the high of the candle.

·         Stop loss is (1.5x ATR & not less than 8 pips) and Take profit is (based on the calculated risk (low, mid or high)) and breakeven start after (1.5x ATR) and 2 pips above entry.

·         Delete the pending order if it exceeds 3 candles.

o   Entry Rules for Sell signal

§  Both 15 MIN TF and H1 must be trending down.

§  If trending down, three moving averages must be as the following on both 15 MIN & H1 TF.

·         18 EMA below 50 EMA below 200 SMA (15 MIN TF & H1 TF).

·         Current Swing high (is lower than) previous Swing high (15 MIN TF).

·         Current Swing low (is lower than) previous Swing low. (15 MIN TF).

·         For going Short on downtrend, we want to see the Current Swing high is at reliable resistance ( 18 EMA or 50 EMA) AND ( Fibonacci level 38.2% or 50% or 61.8%)

·         When the candle reaches the reliable resistance, place (Sell Stop) 1 pip below the low of the candle.

·         Stop loss is (1.5x ATR & not less than 8 pips) and Take profit is (based on the calculated risk (low, mid or high)) and breakeven start after (1.5x ATR) and 2 pips below entry.

·         Delete the pending order if it exceeds 3 candles.

·         The GUI should show the statistics done by the EA.

·         Number of trades, win%, breakeven %, lose %.

·         The EA should run on one Chart only, while running multiple pairs.

·         During testing of EA, I should show the Fibonacci drawing and Moving averages.